Green Industry Act | Mathieu Chauvin, President of ERES, speaks out

Video interview with Mathieu Chauvin, Chairman of ERES

Mathieu Chauvin, Chairman of ERES, is convinced: "Encouraging savings providers to offer non-listed products more systematically is fully justified: French people's savings should be able to finance the productive economy through non-listed companies and be exposed to alternative asset classes that are uncorrelated with listed markets", he says in this interview. With this in mind, the imperative nature of these new provisions stemming from the Green Industry Act seems natural to him: "It was necessary to impose by law that the managed investment grids available in life insurance policies and retirement savings plans include a proportion allocated to non-listed companies".

Strong interest from social partners

As a player in employee and retirement savings, ERES had already seized the opportunity to launch non-listed offerings in the wake of the 2019 Pacte Act. "This law allowed us to introduce FCPRs within individual retirement savings and employee savings envelopes. This approach has generated a great deal of interest among our customers, among employee representatives, and therefore among the social partners, who have a duty to make the right choices on behalf of their colleagues. So this new offering has been a great success", says Mathieu Chauvin.

Companies need support

Supporting companies in introducing non-listed products into their retirement savings schemes is crucial. "We have to plan for a reorganisation of the managed investment grids, and automatic deployment in all inter-company plans. Then we need to meet with all the companies equipped with tailor-made systems to enable them to reference these products within their envelopes. This will involve discussions with the social partners, with a view to amending their schemes," explains Mathieu Chauvin. 

Finally, according to the Chairman of ERES, "the second part of the journey, which will undoubtedly take the longest, is that of educating employees so that they have a good understanding of the virtues of non-listed assets for them, in terms of diversifying their savings towards assets that are less volatile than listed asset markets. And to do this, we need to be able to rely on good educators".